Gibson City, IL is a small town located in Ford county with an estimated population of 4,000. Gibson City is a great place to live due to its low cost of living, as evidenced by the 2 bedroom rent costing only $920 compared to the national average of $1,430. This is also supported by its Grocery Cost Index, which at 94 is lower than the US average of 100.
There are many businesses and amenities offered in Gibson City such as Wright Implement, a John Deere dealership, Schnuck's Grocery Store, and the Gibson Area Hospital & Health Services. In addition to shopping and dining options there are many parks and recreational areas available for residents including Mill Creek Park and Lake Lou Yaeger. All these features make Gibson City an attractive location for people looking for a peaceful small town experience.
Gibson City has an unemployment rate of 4.8%. The US average is 6.0%.
Gibson City has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.
Tax Rates for Gibson City
- The Sales Tax Rate for Gibson City is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Gibson City is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gibson City
- The average income of a Gibson City resident is $26,690 a year. The US average is $28,555 a year.
- The Median household income of a Gibson City resident is $47,091 a year. The US average is $69,021 a year.